2014 United Kingdom budget

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2014 (2014) United Kingdom budget
Royal Coat of Arms of the United Kingdom (HM Government).svg
PresentedWednesday 19 March 2014
Parliament 55th
Party Coalition government
Chancellor George Osborne
Total revenue£648 billion ($1.1 trillion) (39% of 2014 GDP)
Total expenditures£732 billion ($1.2 trillion) (42% of 2014 GDP)
Deficit £84 billion (5% of 2014 GDP)
Website Budget 2014 documents
  2013
2015
Chancellor George Osborne delivering his Budget Statement Budget 2014; Chancellor George Osborne delivering his Budget Statement.jpg
Chancellor George Osborne delivering his Budget Statement

The 2014 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 19 March 2014.

Contents

It was the fifth budget of the Conservative–Liberal Democrat coalition government formed after the 2010 general election, and also the fifth to be delivered by Osborne. [1] [2] [3] [4]

Taxes

Receipts2014-15 Revenues (£bn)
Income Tax167
National Insurance110
Value Added Tax (VAT)111
Corporate Tax41
Excise duties47
Council Tax27
Business rates27
Other118
Total Government revenue648

Spending

Department2014-15 Expenditure (£bn)
Social protection222
Health140
Education98
Debt interest53
Defence38
Public order and safety32
Personal social services31
Housing and Environment25
Transport23
Industry, agriculture and employment17
Other53
Total Government spending732

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References

  1. "George Osborne defends pensions overhaul". Guardian. 19 March 2014. Retrieved 20 March 2014.
  2. "George Osborne unveils major pensions and savings shake-up". The Independent. 19 March 2014. Retrieved 20 March 2014.
  3. "Budget 2014: savers placed at heart of Britain's economic recovery". Daily Telegraph. 19 March 2014. Retrieved 20 March 2014.
  4. "Key points of Budget 2014: At-a-glance". BBC News. 19 March 2014. Retrieved 20 March 2014.